Tuesday, 30 August 2016
Last updated 19 min ago
May 6 2014 | 1:48pm ET
The new hedge fund helmed by former CQS asset-backed securities chief Alistair Lumsden is taking on clients.
East Lodge Capital Partners ran its Credit Opportunities Fund with internal capital for a month prior to opening it to outside investors on May 1. The firm expects to reach its $250 million fundraising target within three months.
Credit Opportunities returned 4.27% last month. The fund focuses on European and U.S. credit, especially corporate bonds and structured debt.
Lumsden’s CQS ABS Fund posted annualized returns of 28% during the six years before his departure in 2012.